AlphaStar Capital Management LLC lifted its holdings in shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) by 1,110.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,534 shares of the exchange traded fund’s stock after acquiring an additional 3,242 shares during the period. AlphaStar Capital Management LLC’s holdings in PowerShares QQQ Trust, Series 1 were worth $514,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in QQQ. UBS Asset Management Americas Inc. increased its position in shares of PowerShares QQQ Trust, Series 1 by 48.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock worth $123,000 after purchasing an additional 291 shares in the last quarter. Tradewinds Capital Management LLC increased its position in shares of PowerShares QQQ Trust, Series 1 by 2.2% during the 2nd quarter. Tradewinds Capital Management LLC now owns 924 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 20 shares in the last quarter. Bristlecone Advisors LLC acquired a new stake in shares of PowerShares QQQ Trust, Series 1 during the 3rd quarter worth about $165,000. FTB Advisors Inc. increased its position in shares of PowerShares QQQ Trust, Series 1 by 74.0% during the 3rd quarter. FTB Advisors Inc. now owns 1,223 shares of the exchange traded fund’s stock worth $178,000 after purchasing an additional 520 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of PowerShares QQQ Trust, Series 1 by 29.7% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,464 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 335 shares in the last quarter. 42.22% of the stock is owned by institutional investors.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $154.70 on Monday. PowerShares QQQ Trust, Series 1 has a 1 year low of $118.14 and a 1 year high of $156.69.

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About PowerShares QQQ Trust, Series 1

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Institutional Ownership by Quarter for PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ)

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